The LexaTrade team utilizes the popular Metatrader4 product line, which includes MetaTrader 4, MT4 multi-terminal, Android Trader, MT4 iphone & iPad trader and MT4 Mac OS Trader. If you can get on the Internet, then you can trade with LexaTrade, any time or anywhere. Best-in-class 24/5 customer service including live chat, call back and the free click to call service. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
Besides this, the asset selection is rather limited and not suitable for advanced traders. LexaTrade has settled in the low end of the retail sector, has a minimum deposit of just $200 but offers zero spread accounts for deposits from $5,000. Given the lack of assets, traders with lexatrade courses scam bigger deposits are better served elsewhere until LexaTrade expands its asset base. LexaTrade earns its fees from spreads, the difference between bid and ask prices, as well as from commissions and swap rates. Those are the three basic types of income streams for most Forex brokers.
The LexaTrade team of customer service reps can speak to you in more than 15 languages including English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu and Greek. Online educational and training materials abound, along with ample market research to enhance your trading experience. Some of the most important research materials in forex trading are technical and fundamental analysis and weekly FX reports. Luckily, all of these are offered by LexaTrade, stock exchange including LexaTrade Web TV and the chance to get to know their research team. Technical and fundamental analysis are both essential in trading the financial markets, although investors make more use of the former. Both analyses are the bases for developing trading strategies and identifying signals. On the other hand, weekly FX reports are there to keep track of the assets’ price movements for the week, which are used to study the market’s opening for the week ahead.
LexaTrade Global Ltd is licensed and regulated by the Mauritius Financial Services Commission . The broker is authorised to provide services outside the EU, though not if domestic regulations https://lexatrade.club/en/ prohibit their operation, such as in the US, Cuba, Sudan, Syria and North Korea. At the time of writing, LexaTrade doesn’t offer any no deposit bonuses, welcome deals or rebate promotions.
Does LexaTrade Offer Binary Options Trading?
So if you adhere to professional trading, of course desktop platform is your choice. Here you will find all that MT4 is famous and good for, great charts, various order types, advanced analytic tools and available robots that can perform auto trading. What is more great LexaTrade does not charge any transaction fees either for deposits or withdrawals, where all account manipulations can be done through your online account management area. As for the minimum deposit amount, it does depend on the account type you are planning to trade with, also according to the entity conditions since there are different deposit requirements. The Standard Account spreads are starting from 1.5 pips and operated through floating or variable spread nature allowing you to perform scalping or other strategies.
- With LexaTrade, users can trade on Forex, Indices, Metals, Stocks and Energies through the MetaTrader 4 trading platform for Windows desktop and via the mobile app on Android and iOS.
- Asset selection at LexaTrade is rather limited with only 36 currency pairs, two metals, one energy and five cash indices.
- In live chat I can discuss strategies, new systems or failures to understand the reason.
- A detailed review of the trading costs with LexaTrade can be found further down this review.
- The team can speak in more than 15 languages including English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu and Greek, and it can be accessed via live chat, phone, or email.
- LexaTrade has a great educational course for new traders and their research team does an excellent job.
These servers allow 24/5 access to markets for automated trading, even without an internet connection. Servers support MT4 EAs and have faster executions than the desktop platform. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Q4 2020 Market Outlook Report
Trading on one account I have the access to all available financial markets here. In live chat I can discuss strategies, new systems or failures to understand the reason. One can use direct debit or credit cards or popular payment systems including WebMoney and Skrill. There are no funding fees, only bank wire can be charged but not always. The funds are deposited within max.2 hours and withdrawn within 24 hours. Processing time for bank wire again differs – it takes longer just as with any other broker. Forex trading carries a high level of risk and may not be suitable for all investors.
According to the broker’s website, they offer further protection to retail clients by holding client funds in segregated accounts and being part of the Investor Compensation Fund. Wide variety of different account types for beginner and advanced traders. Fully licensed and regulated, our trading expertise encompasses currencies, precious metals, commodities, CFDs and Futures. With a well-equipped head office located in Limassol, yprus and a highly experienced team from all backgrounds, LexaTrade LTD is a truly diverse, inclusive and international company. The Customer Service Department at LexaTrade has received many awards, based on their excellence and one-hour response time commitment. The team can speak in more than 15 languages including English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu and Greek, and it can be accessed via live chat, phone, or email. The firm also offers a broad array of online educational and training materials, all supplemented with ample and current market research.
To submit your own Forex Broker review for LexaTrade fill the form below. All reviews represent only their author’s opinion, which is not necessarily based on the real facts. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. At LexaTrade, we pride ourselves on our healthy and thriving trading community, which you are welcome to join again at anytime as long as you adhere to our trading conditions. And of course, please let us know your opinion about LexaTrade, share your experience with or ask us for some additional information in the comment area below. TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it. Watch our video tutorial on how to download the MT4 platform in our MT4 video tutorial series.
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CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. An award-winning and user-friendly LexaTrade platform is built on MT4 software and provides Desktop, Multi-Terminal, Mobile, Web and iOS versions. Web Platform will be a good choice for regular size traders, as it is easy to access from any device, yet is limited with research tools, customization and comprehensive drawing tools. What is more great traders of different strategies will find their good way, as LexaTrade offers both fixed or variable spreads from 0 pips and 0.8 pips for Standard accounts. In addition, LexaTrade serving representative office in the MENA regions, in Kuwait and Jordan, making its offering even beyond with an expansion to trading services.
Everyone agrees that when you come to trading only, do dreams of a good life cut off a little from reality? To some extent, I can say that the experience of losing a deposit made me stronger and showed the other side of trading. The first week I did not say that, I was angry, I could not believe it. But when I could muster courage and started trading again, I realized that everything was not in vain.
Furthermore, regarding the use of EAs, we would like to point out that these run on the client’s end and we have no control over their behavior. but when I sent a withdrawal request for some of the funds I received an email that after an internal investigation suggested that the strategy used is not allowed so all the profits and loses were cancelled. So I woke up to O balance in my account, bare in mind that initial deposit index options was E500. Mobile app suitable for Android or iOS devices offered in the package as well. So you are able to stay updated about market conditions, manage you account and positions right from your mobile device. The MT4 is indeed very known and most used software in the industry because of its advanced chart feature, multilingual support, security and reliability along with the support of various trading styles.
LexaTrade offers multiple research tools in the dedicated ‘Online Trading Tools’ section of the website. This includes market lexatrade scammers updates and outlook reports and technical- & fundamental analysis in both feature-rich articles and video format.
You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. Clearly, LexaTrade offers competitive features that are fit for both beginners and professionals. They have the right trading tools and research materials to make a novice trader comfortable, at the same time review expert traders of their knowledge.
Third party fees connected to wire transfers do apply, but most Forex traders prefer to use online payment solutions which makes this fee redundant to them. The processing speed for deposits is listed as up to 2 hours for everything except wire transfers, most of those deposits should be processed instantly. Withdrawal professing time is up to 24 hours except for credit/debit cards and wire transfers where it may take 3-5 business days. Clients can send an e-mail, start a live chat or call support directly. Additionally, an FAQ section is available which should cover most basic questions. Usually customer service is something most traders will never require, but given the trading environment and conditions at LexaTrade, it may be good to keep the contact details nearby.
Any data and information are provided “as is” and only for information purpose, not for trading or recommendations. Generally speaking, the experience of using LexaTrade is positive, not negative. Great broker, fixed spreads, fast withdrawals, good customer service, very happy to be their customers. https://lexatrade.club/en/ Tell our team and traders worldwide about your experience in our User Reviews tab. LexaTrade makes money from spreads, commission, swaps as well as fees related to storage as well as inactivity. It also makes money from trading losses of its clients where it acts as a counter party.
When the assets can be counted easily, the offer is less than stellar. All trading sessions, as well as your personal information, is secured, based on the firm’s use of the latest in security and encryption technology.
LexaTrade Tools And Research
Overall, the LexaTrade Broker brings a quality offering to the market its customers and affiliates. In addition, there is a choice between the flexible or floating spreads, OTC or ECN connection, as well as the strategies to choose from. While this question can first be answered using a ‘Yes’, after browsing the website of the broker, you will see that some features are designed to scam traders. The high leverage combined with a spread of 1.9 and an all expensive initial deposit means that a newbie is likely to lose their money rather than earn a profit. Even with the LexaTrade bonus and demo account, the basic accounts are designed to make a new trader fail before he or she even starts.
The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators.
Yet, again be sure to verify account conditions with customer support as regulation in particular jurisdictions apply. There are four trading accounts offered by LexaTrade to suit each trader needs and style while there is a choice between a variable or fixed spread with no commission charges. Previously, LexaTrade used to be called AFB FX. According to the company, the name forex change signified a transition of the firm which wants to have a more global appeal. Its address is Maximos Plaza, Block 3, 5th floor along Maximos Michaelides street, Limassol, Cyprus. In this LexaTrade review, we have established that the firm offers an adverse range of products which include Forex, Future contracts, metals, Equity indices , CFDs and energy contracts.